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Equity Actions

NRDS

Six financial analysts have recently updated their ratings on Nerdwallet (NASDAQ:NRDS), showing a mix of bullish to bearish sentiments. The average 12-month price target for NRDS has been raised to $18.33, indicating a 12.25% increase from the previous target. Analysts from firms like Morgan Stanley, Keybanc, Barclays, Truist Securities, and Citigroup have adjusted their ratings and price targets, reflecting their latest views on the company's performance and market position. Despite these updates, Nerdwallet faces challenges with a decline in revenue growth, below industry benchmarks in net margin, ROE, and ROA, but maintains a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 1:00 pm

APA

EOG

VNOM

Wall Street's most accurate analysts recommend buying three energy stocks with over 3% dividend yields: Viper Energy, Inc. (VNOM), EOG Resources, Inc. (EOG), and APA Corporation (APA). These recommendations come amidst market turbulence, highlighting the stocks' strong dividend yields and recent analyst ratings adjustments. VNOM recently announced a secondary stock offering, EOG posted in-line quarterly earnings, and APA reported disappointing quarterly results.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 12:44 pm

ARM

NNOX

NVDA

RXRX

SOUN

TSPH

Nvidia Corp. (NVDA) has significantly expanded its venture capital investments in AI startups, growing its investment from $300 million to $1.55 billion. This strategy aims to secure a foothold in emerging AI trends and support the ecosystem for its technology. Nvidia has also acquired stakes in several listed companies, including Arm Holdings (ARM), Nano-X Imaging (NNOX), Recursion Pharmaceuticals (RXRX), SoundHound AI (SOUN), and TuSimple Holdings (TSPH). CEO Jensen Huang's long-term vision emphasizes investing in AI's future to maintain Nvidia's industry leadership.

Portfolio Pulse from Shanthi Rexaline

March 11, 2024 | 12:42 pm

INBS

Intelligent Bio Solutions (INBS) has announced a private placement priced at-the-market under Nasdaq rules, raising $10.1 million. This move could indicate the company's strategy for growth or financial restructuring.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:34 pm

ISUN

iSun, Inc. (NASDAQ:ISUN), a leading solar energy and clean mobility infrastructure company, announced the appointment of Robert J. Zulkoski as Chief Executive Officer, effective immediately. Jeff Peck, the former CEO, will remain with iSun in a strategic advisory and operational role. The company acknowledges Jeff Peck's contributions to its growth and expresses confidence in Zulkoski's leadership for future success.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:33 pm

RCM

R1 RCM Inc. (NASDAQ:RCM) has formed a special committee to evaluate strategic alternatives following a Schedule 13D/A filing by New Mountain Capital. The committee, consisting of independent directors, aims to enhance stockholder value and will review communications from New Mountain Capital. R1 remains committed to delivering high-quality revenue cycle solutions to its clients. No timeline or outcome assurances were provided, and R1 will not comment further until a decision is made.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:11 pm

CMT

Core Molding Technologies, Inc. (CMT) has announced a stock repurchase program authorizing the buyback of up to $7.5 million of its common stock. This decision reflects the company's strong operational performance and balance sheet, allowing for capital allocation to both share repurchases and company growth. The repurchases will be made in the open market, subject to securities laws, and can be suspended or terminated at the company's discretion.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:10 pm

PETV

PetVivo Holdings, Inc. has announced the appointment of Garry Lowenthal as its new Chief Financial Officer. Lowenthal brings over 25 years of experience in senior operations and finance management roles across both private and public companies. His background includes significant expertise in equity capital raising transactions, financial and corporate management, and serving in advisory roles for various organizations. PetVivo, an emerging biomedical device company focused on companion animals and animal athletes, expects Lowenthal's expertise to further its mission and enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:07 pm

HZO

MarineMax, a recreational boat and yacht retailer, has announced a new stock repurchase program allowing the company to buy back up to $100 million of its own shares. This move is aimed at returning value to shareholders and reflects the company's confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:03 pm

BIOR

Biora Therapeutics, Inc. (NASDAQ:BIOR) has announced a series of financial transactions aimed at reducing its net debt and raising new capital. The company has exchanged convertible notes for new capital and senior secured notes, bringing in $2.8 million. Additionally, Biora has monetized its investment in Enumera Molecular, Inc., resulting in $3 million of nondilutive funding. These transactions are part of Biora's efforts to optimize its capital structure and fund its therapeutic programs. The company has reduced its debt by over $80 million since September 2023 through note exchange transactions, with institutional investors contributing $19.8 million of new capital.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:02 pm